– The Libyan general people’s committee for Industry, Econ omy and Trade, Mohamed Haweij, on Wednesday inaugurated the Al-Fateh gold marketin Tripoli.
The market, which is built over an area of 10,400 square metres, will help in se tting up a factory and establish favourable working environment for all gold cra f tsmen and traders.
Haweij said the market would be a link with European markets, saying Libya’s geo graphical location made it an international centre for the trade and industry of
The Libyan official announced that other similar markets will be opened in sever al cities and a condensed programme about the industry of gold will be launched a cross Libya.
The secretary-general of the Libyan gold and precious materials trade union, Nou ri Abou Chehiwa, said the opening of Al-Fateh gold market will benefit craftsmen
and contribute to the preservation of a large part of the Libyan cultural herita g e.
He said this was the biggest gold market in Africa and the Arab sub-region and o ne of the biggest in the world.
Libya, which presently has 2,000 gold craftsmen, last month signed an agreement with the World Committee of Auriferous Industry and Precious Materials, in India , for the setting up of two factories for gold and diamonds.
The headquarters of the auriferous factory will be accommodated by the new al-Fa teh gold market in Tripoli, while the diamond factory will be built in Tajoura, e astern suburb of Tripoli.